The small town of Winsted, Connecticut is home to approximately 7,000 people. Retirees make up a greater percentage of the population (21%) here than nationally (14%), while young professionals are less well-represented. At an average age of just over 43, the town's population skews older than most cities in Connecticut. The majority of residents own their homes in Winsted, and 44% of residents rent. Renters in the town benefit from a relatively low average rent of $999/month, which is $149/month less than the state average.
There are plenty of industries from which to choose in Winsted, the most common four of which are retail, manufacturing, education, and healthcare. Together, these industries make up 27% of the town's labor force. Meanwhile, in terms of job function, many of the town's residents work in transportation, making it the top career path in the town. With an average annual income of around $63,000, Winsted workers earn about $17,000 less than their peers elsewhere in the state. Winsted's average income also falls below the national average of $73,345. Winsted has a relatively high percentage of residents older than 25 who possess an Associate's degree (6%) compared to the state average. Further, 9% possess a Bachelor's degree and 5% have a Master's or Doctoral degree.
Winsted residents have an average commute of about 32 minutes, slower than the Connecticut average of about 27 minutes. Many residents (41%) commute to work by car, while public transportation isn't extensively used. Not many residents (3%) commute to work on foot, though the number exceeds the national average.
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